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Fannie Mae’s Rosy Housing Market Forecast Only Means the Crash Will Be More Devastating

Fannie Mae’s monthly sentiment indicator approached record highs in December. The government-sponsored enterprise released a forecast last year calling for mortgage rates to plunge to five-decade lows in 2020. Mortgage rates continue to be the primary driver of the so-called housing recovery – a dangerous ingredient for an economy struggling with record debt and stagnant…